How to calculate the interest on the second home loan?

The interest rate on the provident fund loan for the second home: the annual interest rate for less than five years (including five years) is 3.85%; the annual interest rate for more than five years is 4.40%. At present, provident fund loans for first homes are subject to a benchmark interest rate, and loans for second homes are subject to an interest rate of 1.1 times the benchmark interest rate. The extent of the increase is related to factors such as the borrower's qualifications.

Interest on Provident Fund Loans for Second Homes: The People’s Bank of China, the China Banking Regulatory Commission, and the Ministry of Housing and Urban-Rural Development jointly issued a document to lower the down payment ratio for commercial loans for second homes from 60% to 40%, and for provident fund loans for first homes to 20%.

If the loan for the first home has been paid off, the down payment ratio for the second home loan will be reduced to 30%. In addition, the Ministry of Finance also adjusted the business tax exemption period for personal commercial housing sales to two years from the previous five years.

Second home commercial loan interest rate:

Commercial loan base interest rate: 5.90%.

Under the new housing loan policy, if you already have one house but the loan has been paid off, you can apply for a loan to buy a "second" house. The loan interest rate is as low as 30% off the base rate; you currently have one house and the mortgage loan is If the loan is not settled, the interest rate will be increased by a minimum of 10% if the loan is refinanced to purchase a "second" house.

Interest rate of provident fund loan for second home:

Loan term: 3.85% within 5 years (inclusive); 4.40% for more than 5 years.

Currently, provident fund loans for first homes are subject to a benchmark interest rate, and loans for second homes are subject to an additional 1.1 times the benchmark interest rate. The increase is related to factors such as the borrower's qualifications. Second home loan interest rate

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my country has implemented many relevant policies for the rapidly growing real estate industry. For loans to purchase first homes, Relevant interest rate standards have been formulated for second homes and multiple homes. Let’s follow the editor to learn about the second home loan interest rates.

1. Second home loan interest rate

The second home loan interest rate is generally adjusted to 1.1 times the benchmark interest rate stipulated by the price bank. For example: 1. The interest rate for commercial loans to buy a second home for no more than 6 months is 5.6%, and 1.1 times that is 6.16%. The interest rate for 6-12 months is 6%, and the execution interest rate of 1.1 times is 6.6%. The interest rate for 1-3 years is 6.15%, and the execution interest rate of 1.1 times is 6.765%. The interest rate for 3-5 years is 6.4%, and the execution interest rate of 1.1 times is 7.04%. The interest rate for more than 5 years is 6.55%, and the execution interest rate of 1.1 times is 7.205%.

2. Provident fund loan to buy a second home

If you choose a provident fund loan to buy a second home, the base interest rate for the loan within 5 years is 4%, and the execution interest rate is 4.4%. The benchmark interest rate for more than 5 years is 4.5%, and the execution interest rate of the loan will be calculated at 4.95%.

What is the role of interest rate adjustments for second and second home loans?

The main purpose of adjusting loan interest rates for second homes purchased by residents in my country is to control credit risks. Many people must think that the real estate industry Just like a big bubble, it expands rapidly and contains countless crises. It can explode if you are not careful. At this time, purchase restrictions and adjustments to mortgage interest rates are all attempts to cool down the real estate market, neutralize and regulate the entire real estate industry. .

For example, if the interest rate of a second home loan increases by 10%, it means that the down payment ratio has also been relatively increased. If you want to buy a second home, you need to pay more down payment, which reduces the down payment to a certain extent. The risk of bank credit can also alleviate the phenomenon of excessively rapid increase in housing prices, thereby reducing the willingness to speculate and allowing more people to buy houses.

Editor’s summary: The above is an introduction to the second home loan interest rate. Generally speaking, the execution interest rate for purchasing a second home is calculated at 1.1 times the base interest rate. I hope the content shared by the editor will be useful. Everyone is helpful.

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The interest rate for the second home loan

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Commercial loan second home loan interest rate. Currently, the second home loan interest rate is based on the benchmark interest rate of 1.2 times. The benchmark interest rate for loans over five years is 4.90%, and the execution interest rate is almost 5.88%. , the maximum interest rate cannot exceed 6.37%; 2. The provident fund loan second home loan interest rate is based on the benchmark interest rate of 1.1 times. The benchmark interest rate for loans over five years is 3.25%, so the second home loan interest rate is approximately 3.575%.

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Recognize the house and subscribe for the loan for the second home

Nowadays, most cities adopt the principle of recognizing the house and taking the loan when determining the number of real estate units. That is to say, when applying for a loan to purchase a house, you must not only check whether there is a house purchase record under your name, but also whether there is a loan record under your name. If so, if you apply for a loan again, it will be considered a second home, and its loan interest rate, down payment, and The proportion must be based on the second home loan.

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Recognition of a second house but not a loan

The criterion for not recognizing a house is that there is a registered property in the name of the home buyer or in the name of the family If you apply for a loan to buy a house again, it will be considered a second home. If the house is sold, it will not be considered a second home even if there is a loan record.

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Second house loan subscription but not house subscription

Loan subscription and house subscription only focus on whether an individual or family has a record of applying for a loan to purchase a house. If there is If you buy a property with an unpaid loan, it will be counted as a second house. If the loan is paid off, it will not be counted as a second house.

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